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Question Content Area Durrand Corporation's accumulated depreciation increased by $ 1 0 , 8 3 4 , while patents decreased by $ 3 , 5
Question Content Area Durrand Corporation's accumulated depreciation increased by $ while patents decreased by $ between consecutive balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $ from sale of land. The company earned a net income of $ Assuming there were no changes in noncash current assets and liabilities, determine the net cash flows from operating activities under the indirect method.
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Durrand Corporation's accumulated depreciation increased by $ while patents decreased by $ between consecutive balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $ from sale of land. The company earned a net income of $ Assuming there were no changes in noncash current assets and liabilities, determine the net cash flows from operating activities under the indirect method.
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